8 chapters · 274 sections in this title.
A.R.S. § 40-801 Stock subscription required to form railroad corporation
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When capital stock of at least one thousand dollars for each mile of a proposed railroad is subscribed by not fewer than five persons who are citizens of the United States, the subscribers, in person or by proxy, may adopt articles of incorporation for the formation of a corporat…
A.R.S. § 40-802 Articles of incorporation
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The articles of a railroad corporation formed under this article shall contain: 1. Name of corporation. 2. Duration of corporation, whether permanent or for a stated term of years. 3. Amount of capital stock. The capital stock shall be divided into shares of one hundred dollars e…
A.R.S. § 40-803 Filing and recording articles; commencement of business; amendment of articles to provide for perpetual existence
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A. The articles of incorporation of a railroad corporation formed under the provisions of this article shall be filed, published and recorded, and a certificate of incorporation issued, as provided for corporations in general. The incorporation shall be deemed completed and the c…
A.R.S. § 40-804 Organization of board of directors; officers; adoption of by-laws by directors; ratification by shareholders
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A. The directors named in the articles of incorporation of a railroad corporation formed under this article shall meet and organize as a board of directors immediately after incorporation. They shall elect a president, secretary and treasurer to serve until the first annual meeti…